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Abbeville

Learn about the people, housing, costs and businesses in Abbeville, Alabama

Median Home$125,985
Median Rent$494/month
Population2,918
Leading IndustriesInformation & Media · Finance & Insurance · Healthcare13% information & media
Home Value Growth⬆⬆⬆+21.6% over 2 years
Retirees33% of residentstop 4% nationally
Homeowners68% of occupied units
NotableAffordable Market$126k median home · lower cost than 82% of the country
Abbeville
AL

Frequently Asked Questions

What are today's mortgage rates in Abbeville?

As of today, the 30-year fixed mortgage rate for Abbeville is approximately 6.968% (7.010% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Abbeville?

The median home value in Abbeville is $126k. The median monthly rent is $494. Annual property taxes average $361. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Abbeville?

Home values in Abbeville have increased 21.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Abbeville?

Based on a typical all-in ownership cost of $594/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Abbeville is $35k/year.

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What industries drive the economy in Abbeville?

The largest employment sectors in Abbeville are public administration (27%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.